Shareholder Alert: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Toyota Investors

Securities litigation partner James (Josh) Wilson encourages investors who suffered losses in Toyota to contact him directly to discuss their options

If you purchased or acquired Toyota securities between June 25, 2022 and June 2, 2024 and would like to discuss your legal rights, Call Faruqi & Faruqi Partner Josh Wilson direct at 877-247-4292 or 212-983-9330 (extension 1310). For more information you can also click here: www.faruqilaw.com/TM.

New York, New York–(Newsfile Corp. – July 20, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Toyota Motor Corporation (“Toyota” or the “Company”) (NYSE: TM) and reminds investors of the Deadline: 23 August 2024 to serve as lead plaintiff in a federal securities class action lawsuit filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. Since its founding in 1995, the firm has recovered hundreds of millions of dollars for investors. See www.faruqilaw.com.

As set forth in detail below, this lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business and operations. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Toyota downplayed its breaches of duty related to the certification of its cars and issues related to general regulatory compliance; and (2) as a result, Defendants’ statements about their business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details emerged in the market, the lawsuit alleges that investors suffered damages.

On June 3, 2024, the New York Times published an article titled “Toyota and Other Japanese Automakers Say They Mishandled Safety Tests.” The article essentially said, “Toyota (. . .) and other leading Japanese automakers said Monday that internal investigations found they mishandled vehicle tests on dozens of models over the past decade.” It went on to say, “Toyota said it failed to collect proper data when conducting pedestrian and passenger safety tests for three models, including its popular Yaris Cross sport utility vehicle.”

On this news, Toyota’s American Depositary Shares (“ADSs”) fell $5.34 per ADS, or 2.45%, to close at $212.17 per ADS on June 3, 2024.

The court-appointed lead plaintiff will be the investor with the greatest financial interest in the relief sought by the class, who is reasonable and typical of class members, and who will direct and oversee the litigation on behalf of the putative class. Any member of the putative class may, through counsel of his or her choosing, ask the court to serve as lead plaintiff, or he or she may choose to do nothing and remain an absent class member. Your ability to share in any relief will not be affected by your decision to serve as lead plaintiff.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Toyota’s conduct, including whistleblowers, former employees, shareholders and others, to contact the firm.

Learn more about the Toyota Class action lawsuit, go to www.faruqilaw.com/TM or Call Faruqi & Faruqi Partner Josh Wilson direct at 877-247-4292 or 212-983-9330 (extension 1310).

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To view the original version of this press release, please visit https://www.newsfilecorp.com/release/217134.